Canola

[Oliver88]

January broke through $600!

[farmaholic]

January broke through $600!

Months ago I would have thought July would have broke through first.
But enough about that.

[farming101]

Statcan Dec report and subsequent USDA basically leaving things the same have boosted prices.
Along with today's strength in Bean Oil.

[Sodbuster]

Those charts look promising, soyoil holding it’s own, could be some fireworks later on. Thanks for the charts. I locked in a basis today at +15, will wait a little longer before locking in my futures and maybe buy July calls.

[Oliver88]

Dry in Argentina

[farming101]

March contract up through resistance this morning

[biglentil]

$13/bus delvd to my local terminal whats every one else seeing?

Us Dollar Index with a 89 handle.

[Partners]

Rally continues.
When will it peak..?

[tubs]

Got text today $14 delivered march to Camrose crush

[farming101]

Crush margin yesterday was 37.73 CAD lower than a month ago.

[AlbertaFarmer5]

Crush margin yesterday was 37.73 CAD lower than a month ago.

So which has to give?

[farmaholic]

So which has to give?

Historical levels would answer that question.

[farmaholic]

Its sure rocking and rolling.

[farming101]

Keep an eye on the basis for an indication..

2008: May futures hit 769.90, meanwhile cash prices were quoted on Feb 27 at 630.49. A basis of -139.41
2013: July futures hit 650.80, meanwhile cash prices were quoted on May 22 at 653.44. A basis of +2.64
Canola values were very good for much of 2012 as well because of the lower yields expected that year and world oilseed demand/shortage

Two very different years but futures were very high each year.
2008 Financial crunch
2013 Oilseed supply crunch
basis behaving more like 2013

Export values for the years mentioned:

[fjlip]

13.31, Mar Apr May, Pioneer Wadena. These are 19 cents higher than Yorkton Crush prices.